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    India New Issue-L&T Finance accepts bids for over 3-year bonds, bankers say

    Picture of L&T Finance logoL&T Finance
    10/10/2025 07:52
    MUMBAI, Oct 10 (Reuters) - India's L&T Finance accepts bids worth 10.5 billion rupees ($118.38 million) for the sale of bonds maturing in three years and one month, three bankers said on Friday.

It will pay a coupon of 7.2190% and had invited commitment bids for the issue on Thursday, they said.

The company did not respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on October 10:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    L&T Finance3 years and 1 month7.219010.5October 9AAA (Crisil)
    Piramal Finance2 years8.7525October 10Aa (Care)
    

*Size includes base plus greenshoe for some issues

($1 = 88.6950 Indian rupees)

 (Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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